The rally in world stock market is gaining momentum. It is not the only investment analysts, but the Fed, agree that the recession in the global economy will soon be completed. The improved economic expectations contributes to the inflow of speculative capital into commodity assets and shares in companies mining sector. Apparently, the domestic market today, waiting for the rapid discovery, which could bring to the MICEX index 980 p. (3-4%), however, is likely to reach the level will be the local maxima of this week and, subsequently, the market may be flooded with a wave of a fixed profit .

On the trading floors in the United States and Europe, optimism reigned: investors are once again the faith in the speedy recovery of the economy and the emerging macroeconomic statistics and corporate gives them new reasons to play up. Dow index jumped to 3,07%, SP - on 2,96%.

Home rally yesterday in the States put out statements and projections Intel, surpassed the expectations of economists. Earnings per share more than doubled and exceeded expectations of economists was 18 cents per share during the forecast 8 cents per share. While corporate statistics significantly exceed initial forecasts of analysts is very dark, indicating that decline in equity markets last week was more speculative and maloopravdannym. Today, the market looked forward to the publication of reports JP Morgan Chase, Google, IBM and Nokia.

Macroeconomic statistics also plays in favor of the bull moods. First, echoing statements made by analysts of Bank of America on the completion of a recession, the Fed in the minutes of the meeting months old also noted the likelihood of early completion of a recession in the States. Despite the fact that economic growth will be very fragile, the intervention of monetary authorities to open the way for recovery in the global economy. The Fed also did not exclude the possibility for additional support to the economy next year.

left yesterday on promproizvodstvu and consumer inflation also exceeded forecasts. Industrial production in the United States in June fell by 0.4%, while that in May it dropped to 1.1%, thus indicating slow overall negative trends in the industry. Projections suggest reduction in the rate at 0.6%. The index of business activity of New York Empire State Manufacturing was -0.6 Clause, which was the highest since the spring of last year. In June, the index was -9.41 Clause, and forecasts suggest its restoration to -5 para Consumer Price Index rose by 0.7% in June, with expectations of growth at 0.6%. Core inflation rose by 0.2% with projections of 0.1%. At this time, inflation has been well received in the market more as a sign of recovery in consumer demand.

In Asia, meanwhile remains optimistic, however, it is not so impressive was how the opening. At the end of the trading main index retreated from the daily max. Nikkei index rising to 1,6%, MSCI Asia also adds 1.6%.

demand mainly concentrated in the paper producing companies: oil, mining and metallurgy. Above all, the region gives hope to China, economic growth that exceeded expectations because of state, almost came close to the planned level of government at 8%.

Today, at the opening of a very upbeat ambient background. Russian indices are likely to grow at 3-4%. However, the decline in U.S. futures indices and possible fixation on corporate profit reports from the United States could cool the zeal of the investors in the domestic markets. Of the sectors, above all, demand will benefit neftyanka and metallurgy. News of an increase in production of Gazprom (12% compared to June) can support the paper gas monopoly.

also adds a nice background and around the banking sector: according to the Central Bank of the growth of arrears on credit, finally, has slowed down and is lower than the growth of reserves and the assets of banks rose in June for the first time in five months.

Despite the general optimism, the observed recovery inequity markets may be purely speculative in nature. After some recovery in the second quarter, third quarter could be very difficult for the U.S. economy, primarily because of the sorry state of the labor market. Thus, published reports now take into account the corporate short-term recovery in economic activity in March and April of this year, it is quite logical since almost annual decline. Meanwhile, data for the third quarter may be no longer so impressive because the economy is clearly not enough new incentives for rehabilitation, and the Fed is unlikely to provide them in the near future because of inflation fears.

PPI and SPI indices illustrate the acceleration of inflation, not only because of cost, energy. If confirmed, the growth of inflationary pressures in the months that followed, the U.S. monetary authorities may limit the liquidity and to defer the allocation required to sustain economic growth means. As a result, the contraction of liquidity could lead to a sharp outflow of capital from stock markets in the future.

In all likelihood, observed the rally in equity markets will not be long. In fact, this week will report the largest companies of the index of Dow Jones, so the main game at the corporate statistics has been done, so now the fact of the output records of corporations in the States can begin fixing the profit.

In the first half of the day on the Russian stock market correction is expected to bottom
MICEX Index has all chances to achieve as soon as possible 980 points, which implies the potential of even 4% growth
Fixed-term contract on RTS index is able to continue to rise until the resistance level near 94 000 items
Today, the MICEX index rises above 950 points mark
RTS Index today is likely to overcome the line of 900 items
Tenders for the single European currency, will be held today in the range of 1,402-1,418 USD
Impact on the bid today will have the financial results the bank JP Morgan Chase, as well as Google and IBM
At the end of Wednesday trading on the market shares of the MICEX Stock Exchange amounted to 97.88 billion rubles
During the 1 half of 2009 turnover of East Port increased by 88% and amounted to nearly 7 million tons